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7
TREASURY NEWS
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RESULTS OF AUCTION OF 3-YEAR NOTES
Auction dates
February 4* 1986
The Department ©£ the Treasury has accepted $9*005 million
©£ $18*693 million of tenders received from the public for the
3~year notes* Series Q-1989, auctioned today. The notes will be
issued February 18* 1986* and mature February 15* 1989®
The interest rate on the notes will be 8%®
The range of
accepted competitive bids* and the corresponding prices at the 8%
interest rate are as followsi
Bow
High
Average
Yield
Price
8 ®07%
8 e14 %
8 o11%
99*817
99,635
99 ®713
Tenders at-the high yield were allotted 92% c
TENDERS RECEIVED AND ACCEPTED {In Thousands)
Location
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St® Louis
Minneapolis
Kansas City
Dallas
San Francisco
Treasury
Totals
Received
Accepted
$
57,235
15*985*985
34*700
67*845
93*820
66*505
1*183*230
114*405
43*190
110*020
29*465
903*810
2*905
518,693,115
$
27*235
7*654*305
34*700
65*845
93*580
66*505
494*150
96*405
43*185
109*520
29*465
287*210
2*905
$9,005,010
The $9,005 million of accepted tenders includes $807
million of noncompetitive tenders and $8*198 million of competi
tive tenders from the public®
In addition to the $9*005 million of tenders accepted in
the auction process, $322 million of tenders was awarded at the
average price to Federal Reserve Banks as agents for foreign and
international monetary authoritiese An additional $886 million
of tenders was also accepted at the average price from Government
accounts and Federal Reserve Banks for their own account in
exchange for maturing securities®
ederal Reserve Bank of New York
tef. Cir. No. 9997 J
/A , T
RESULTS OF AUCTION OF 3 0 -YEAR BONDS
A u c tio n d a te s
F e b ru a ry
6*
19 86
The Department ®£ the Treasury has accepted $7*004 million ©£
$17*766 million of tenders received from the public for the 30-year
Bonds auctioned today® The bonds will be issued February 18, 1986*
mud mature February 15, 2016®
The interest rate ®n the bonds trill be 9-1/4%. i/- The range
©£ accepted competitive bids, and the corresponding prices at the
9-1/4 % interest rate are as followsi
Low
High
Average
Held
9 ®27%
9*29%
9 ®28%
Price 2/
99 ®795
99.594
99.695
Tenders at the high yield were allotted 47% ®
TINDERS R1CBIFBD AND ACCEPTED (In Thousands)
Received
Accepted
Location
Boston
$
14,365
$
365
®eu York
15*677*826
6*686*956
Philadelphia
204
204
Cleveland
41*275
1*275
Richmond
4*148
4*148
Atlanta
9*905
3*905
1*243*504
Chicago
215*504
78*407
Sfce Louis
62*407
10*256
Minneapolis
7*196
5*997
Kansas City
5*997
Dallas
4*283
1*283
675*862
San Francisco
14*862
Treasury
162
162
Totals
$17*766*194
$7*004*264
The $7*004 million of accepted tenders includes $331
million of noncompetitive tenders and $6*673 million of eompeti^
tive tenders from the public®
In addition to the $7*004 million of tenders accepted in
the auction process, $250 million ©f tenders m s also accepted
at the average price from Government accounts and Federal Reserve
Banks for their own account in exchange for maturing securities®
1/ The minimum par amount required for STRIPS is $800*000.
Larger amounts must be in multiples of that amount®
2/ In addition to the auction price* accrued interest of $0.76657 per
$1*000 for February 15* 1986* to February 18* 1986* must be paid*
TREASURY NEWS
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RESULTS OF AUCTION OF 10-YEAR DOMESTIC NOTES
Auction dates
February 5* 1986
The Department ©f the Treasury has accepted $7*013 million
@f f 15*765 million ©f tenders received from the public for the
lO^year notes? Series A - 1 9 9 6 ? auctioned today ®” The notes will be
issued February IS, 1986? and mature February 1 5 ? 1996®
The interest rate © n the notes will be 8°7/8%® A^ A/
The
range ©f accepted competitive bids? and the corresponding prices
at the 8°7/8 % interest rate are as follows:
Yield
Price 3/
Low
"8o94%
99 o573
High
8•99%
99 ®249
•Average
8® 97%
99 ®379
Tenders at the high yield were allotted 76%.
TENDERS RECEIVED AND ACCEPTED (In Thousands)
Received
Accepted
Location
$
5*892
$ ™ 77892
Boston
5*869*518
13*430*438
New York
3*960
3*960
Philadelphia
38*913
38*913
Cleveland
49*038
75*158
Richmond
29*300
26,820
Atlanta
771*615
1? 277 *535
Chicago
98*835
82*835
St® Louis
12*788
12*548
Minneapolis
36*535
37*275
Kansas City
7*471
7,471
Dallas
747*077
107*557
San Francisco
782
782
Treasury
$15*765*424
$7*013*484
Totals
The $7*013 million of accepted tenders includes $453
million of noncompetitive tenders and $6*560 million of eompetitive tenders from the public®
In addition to the $7*013 million of tenders accepted in
the auction process? $200 million of tenders was awarded at the
average price to Federal Reserve Banks as agents for foreign and
international monetary authorities® An additional $350 million
of tenders was also accepted at the average price from Government
accounts and Federal Reserve Banks for their own account in
exchange for maturing securities®
1/ The minimum par amount required for STRIPS is $1*600*000.
Larger amounts must be in multiples of that amount®
2 /
This interest rate* payable on an annual basis* will also be
applied to the 10=year foreign-targeted notes auctioned today®
3/ In addition to the auction price? accrued interest of $0.73550 per
|1?000 for February 15? 1986? to February 18? 1986? must be paid®
deral Reserve Bank of New York
jf. C ir. No. 9997]
(Over)
RESULTS OF AUCTION OF 1 0 -YEAR FOREIGN “-TARGETED NOTES
Auction dates
February 5* 1986
The Department of the Treasury has accepted a total ©f
$1*001*000 thousand ©f the $1*585*000 thousand ©f tenders received
from eligible bidders for the 10-year foreign-targeted notes t Series
B-1996* auctioned today® The notes will be issued February 18* 1986*
and mature February 15* 199S e
The interest rate on the notes will be 8-7/8% 2/ per annum*
payable annually„ The range of accepted competitive bids* and the
corresponding prices at the 8-7/8 % interest rate are as followss
Low
High
Average
Yield 2/
9.04%
9 o16%
9012% 3/
Price 4/
98.940
98.182
98»434
-
Tenders at the high yield were allotted 40%a
1/ Established in the auction of the companion domestic issue®
2/ Based on an annual interest payment®
3/ This yield is equal to 8.92 % on a semiannual payment basis*
which is o05 basis points lower than the average yield on the
companion domestic notee
4/ In addition to the auction price* accrued interest of $0.73958 per
11*000 for February 15* 1986* to February 18* 1986* must be paid®
@FedFRASER